On Assignment, Inc. (NASDAQ:ASGN) CEO Peter T. Dameris sold 15,000 shares of On Assignment stock in a transaction that occurred on Friday, January 13th. The stock was sold at an average price of $45.02, for a total value of $675,300.00. Following the sale, the chief executive officer now directly owns 254,743 shares in the company, valued at approximately $11,468,529.86. The sale was disclosed in a document filed with the SEC, which is available at this link.
On Assignment, Inc. (NASDAQ:ASGN) opened at 44.28 on Friday. The company’s 50 day moving average price is $43.95 and its 200 day moving average price is $38.95. On Assignment, Inc. has a 52-week low of $29.34 and a 52-week high of $45.98. The company has a market cap of $2.34 billion and a P/E ratio of 25.70.
On Assignment (NASDAQ:ASGN) last released its quarterly earnings data on Thursday, October 27th. The company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by $0.10. The business earned $629.40 million during the quarter, compared to analysts’ expectations of $624.53 million. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the company earned $0.82 EPS. Equities research analysts anticipate that On Assignment, Inc. will post $2.71 EPS for the current fiscal year.
ASGN has been the topic of several recent research reports. Zacks Investment Research lowered On Assignment from a “hold” rating to a “sell” rating in a report on Monday, October 31st. Deutsche Bank AG set a $44.00 target price on On Assignment and gave the stock a “buy” rating in a research report on Tuesday, October 18th. Finally, Avondale Partners downgraded On Assignment from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $41.00 to $48.00 in a research report on Monday, December 19th.
A number of hedge funds have recently added to or reduced their stakes in the stock. Falcon Point Capital LLC raised its stake in On Assignment by 24.0% in the third quarter. Falcon Point Capital LLC now owns 446,741 shares of the company’s stock valued at $15,372,000 after buying an additional 86,462 shares in the last quarter. TimesSquare Capital Management LLC raised its stake in On Assignment by 7.6% in the second quarter. TimesSquare Capital Management LLC now owns 2,720,946 shares of the company’s stock valued at $100,539,000 after buying an additional 191,060 shares in the last quarter. Vanguard Group Inc. raised its stake in On Assignment by 3.3% in the second quarter. Vanguard Group Inc. now owns 3,816,642 shares of the company’s stock valued at $141,025,000 after buying an additional 121,284 shares in the last quarter. Teachers Advisors LLC raised its stake in On Assignment by 0.4% in the third quarter. Teachers Advisors LLC now owns 331,264 shares of the company’s stock valued at $12,022,000 after buying an additional 1,383 shares in the last quarter. Finally, KBC Group NV acquired a new stake in On Assignment during the third quarter valued at about $469,000.
About On Assignment
On Assignment, Inc is a provider of professionals in the technology, life sciences and creative sectors. The Company matches people into positions for contract, contract-to-hire and direct hire assignments. Its operating segments include the Apex Segment and the Oxford Segment. The Apex Segment provides a spectrum of technical and scientific professionals for contract, contract-to-hire and permanent placement positions to Fortune 1000 and mid-market clients across the United States.